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Become A Payment Processor

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Working As A Payment Processor

  • Getting Information
  • Interacting With Computers
  • Processing Information
  • Documenting/Recording Information
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $37,250

    Average Salary

What Does A Payment Processor Do At Visionworks

* Identify claim correspondence and payment information from Company lockboxes and apply payments received on claims against outstanding receivables.
* Analyze and understand Explanation of Benefits documents (EOBs) that accompany payment received on claims and apply appropriate amounts and reason codes to applicable claims.
* Analyze payments and claims to identify potential issues with plan setup in system or other errors.
* Reconcile and ensure that all EFT payments and 835 batches assigned are posted timely.
* Assist in responding to provider inquiries of incorrect claim payments, researching discrepancies, and generating reports of discrepancies for supervisor.
* Review and research unmatched payments and apply to outstanding claims

What Does A Payment Processor Do At Citizens Bank

* Proactively manage and prioritize targeted prospect list; sell targeted cash/card/trade solutions.
* Coordinate/communicate client calling/interaction with appropriate Treasury Solutions Sales colleagues.
* Develop roadmap to maximize product utilization.
* Provide industry benchmarking and insight into programs (key drivers of profitability or savings) to clients
* Responsible for treasury solutions sales process for existing clients (proformas, RFPs, quality, professional client presentations)
* Remain current on Citizens breadth of Treasury Solutions; attend, participate in appropriate training/presentations

What Does A Payment Processor Do At Glaxosmithkline

* Process clinical grant payments with accuracy, integrity, within expected time frame and comply with terms listed in the study agreement and subject budget
* Work within SAP and other systems to support creation of SC/PO and to reconcile payment information between SAP and eTrack
* Analyze monthly accruals and expenses to help ensure clinical investigator expenses are well managed/accrued
* Understand and communicate critical finance data to study managers to support effective study budget management
* Represent R&D by discussing clinical payments and budgets directly with investigators to ensure company policies and contractual terms are understood and applied correctly
* Maintain confidentiality with the information contained in clinical study agreements and budgets, including supporting documentation
* Provide quality and timely customer service to both internal and external staff in the process of managing study site payments
* Partner with clinical and IT staff to identify opportunities to simplify and improve the clinical payments process
* Why You

What Does A Payment Processor Do At Conduent

* Performs data entry of material from source documents to a computer database.
* Transcribes routine pre-coded and identifiable alphanumeric data from source document and/or phone call into an automated system.
* Ensures accuracy and completeness data.
* Performs clerical tasks in the data entry function.
* Receives and distributes incoming mail and materials.
* All other duties as assigned.
* Conduent is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, creed, religion, ancestry, national origin, age, gender identity, gender expression, sex/gender, marital status, sexual orientation, physical or mental disability, medical condition, use of a guide dog or service animal, military/veteran status, citizenship status, basis of genetic information, or any other group protected by law.
* People with disabilities who need a reasonable accommodation to apply for or compete for employment with Conduent may request such accommodation(s) by clicking on the following link, completing the accommodation request form, and submitting the request by using the "Submit" button at the bottom of the form.
* For those using Google Chrome or Mozilla Firefox please download the form first: click here to access or download the form

What Does A Payment Processor Do At Greensky

* Primary responsibilities include directly contacting customers with inbound and outbound calls.
* Contacts customers in order to secure payment and determine reason for delinquency on active loan/credit card accounts.
* Works to reduce delinquency without sacrificing the quality of customer service standards or relationships.
* Consistently represents the Company and its business partners in a professional manner by providing good customer service.
* Persuades delinquent customers to become current while using professionalism and tact.
* Documents all contacts in detail in software applications.
* Resolves routine billing inquiries and negotiates payment arrangements to cure delinquent accounts.
* Educates customers on account terms and alternate payment programs and methods.
* Navigates a computerized data entry system or other relevant applications.
* Other duties as assigned

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How To Become A Payment Processor

Most bookkeeping, accounting, and auditing clerks need some postsecondary education and also learn some of their skills on the job. They must have basic math and computer skills, including knowledge of spreadsheets and bookkeeping software.

Education

Employers generally require bookkeeping, accounting, and auditing clerks to have some postsecondary education, particularly coursework in accounting. However, some candidates can be hired with just a high school diploma.

Training

Bookkeeping, accounting, and auditing clerks usually get on-the-job training. Under the guidance of a supervisor or another experienced employee, new clerks learn how to do their tasks, including double-entry bookkeeping. In double-entry bookkeeping, each transaction is entered twice, once as a debit (cost) and once as a credit (income), to ensure that all accounts are balanced.

Some formal classroom training also may be necessary, such as training in specialized computer software. This on-the-job training typically takes around 6 months.

Licenses, Certifications, and Registrations

Some bookkeeping, accounting, and auditing clerks become certified. For those who do not have postsecondary education, certification is a particularly useful way to gain expertise in the field. The Certified Bookkeeper (CB) designation, awarded by the American Institute of Professional Bookkeepers, shows that those who have earned it have the skills and knowledge needed to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.

For certification, candidates must have at least 2 years of full-time bookkeeping experience or equivalent part-time work, pass a four-part exam, and adhere to a code of ethics.

The National Association of Certified Public Bookkeepers also offers certification. The Uniform Bookkeeper Certification Examination is an online test with 50 multiple-choice questions. Test takers must answer 75 percent of the questions correctly to pass the exam.

Advancement

With appropriate experience and education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

Important Qualities

Computer skills. Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software.

Detail oriented. These clerks are responsible for producing accurate financial records. They must pay attention to detail in order to avoid making errors and recognize errors that others have made.

Integrity. Bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential. It is vital that they keep records transparent and guard against misappropriating an organization’s funds.

Math skills. Bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic.

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Payment Processor jobs

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Payment Processor Career Paths

Payment Processor
Accounting Clerk Accounts Payable Clerk
Account Payables Analyst
6 Yearsyrs
Collector Accounts Receivable Specialist Accounts Payable Manager
Accounting/Office Manager
6 Yearsyrs
Office Manager Accounts Payable Clerk
Accounts Payable Supervisor
6 Yearsyrs
Specialist Account Manager Billing Specialist
Accounts Receivable Manager
6 Yearsyrs
Accounts Receivable Specialist Accounts Receivable Manager Office Manager
Administrative Manager
6 Yearsyrs
Clerk Office Manager Administrative Coordinator
Administrative Supervisor
5 Yearsyrs
Office Manager Billing Specialist
Billing Manager
7 Yearsyrs
Accounts Payable Clerk Billing Specialist
Billing Supervisor
6 Yearsyrs
Accounting Clerk Bookkeeper Billing Specialist
Business Office Manager
8 Yearsyrs
Claim Processor Account Representative Collector
Collection Supervisor
5 Yearsyrs
Analyst Operations Analyst Intelligence Analyst
Collections Manager
5 Yearsyrs
Collector Customer Care Representative Customer Account Representative
Customer Account Manager
5 Yearsyrs
Claim Processor Legal Assistant Assistant Office Manager
Executive Assistant/Office Manager
6 Yearsyrs
Business Analyst Business Manager Contracts Manager
Government Contractor
8 Yearsyrs
Accounts Payable Clerk Specialist Machine Operator
Office Manager
5 Yearsyrs
Specialist Operations Manager Human Resources Coordinator
Office Manager Of Human Resources
6 Yearsyrs
Analyst Marketing Manager Realtor
Property Management Specialist
6 Yearsyrs
Accounts Receivable Specialist Human Resources Coordinator Payroll Specialist
Senior Payroll Specialist
6 Yearsyrs
Clerk Service Representative Customer Care Representative
Senior Representative
5 Yearsyrs
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Payment Processor Demographics

Gender

  • Female

    76.7%
  • Male

    21.0%
  • Unknown

    2.3%

Ethnicity

  • White

    79.3%
  • Hispanic or Latino

    11.1%
  • Asian

    7.2%
  • Unknown

    1.8%
  • Black or African American

    0.7%
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Languages Spoken

  • Spanish

    69.4%
  • French

    5.9%
  • Carrier

    2.4%
  • Japanese

    2.4%
  • Persian

    2.4%
  • Italian

    2.4%
  • Portuguese

    1.2%
  • Indonesian

    1.2%
  • Nepali

    1.2%
  • Chinese

    1.2%
  • Vietnamese

    1.2%
  • German

    1.2%
  • Dutch

    1.2%
  • Amharic

    1.2%
  • Armenian

    1.2%
  • Urdu

    1.2%
  • Arabic

    1.2%
  • Tamil

    1.2%
  • Cebuano

    1.2%
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Payment Processor

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Payment Processor Education

Payment Processor

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Top Skills for A Payment Processor

CustomerServiceSkillsCreditCardPaymentsDataEntryFinancialInstitutionsProcessPaymentsInsuranceCompaniesPatientAccountsLockboxInsurancePaymentsACHEOBComplianceAuditMedicalBillsCustomerAccountsSortPatientPaymentsBankDepositsMedicaidGeneralLedger

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Top Payment Processor Skills

  1. Customer Service Skills
  2. Credit Card Payments
  3. Data Entry
You can check out examples of real life uses of top skills on resumes here:
  • Trained and partnered with new employees to strengthen customer service skills and product knowledge.
  • Process credit card payments including posting and logging account activity.
  • Managed 25+ employees including two team leads in Accounting and Data Entry departments and ran all day to day operations.
  • Prepared commercial and government items for high speed processing equipment and dispatching them to financial institutions.
  • Process payments, as well as payment arrangement.

Top Payment Processor Employers

Payment Processor Videos

Career Advice on becoming a Laboratory Technician by Katherine G (Full Version)

How Does Credit Card Processing Work? - Principis Capital

What is a Payment Processor?" — 2Checkout E-Commerce Glossary"

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